HDFC Bank

Housing Development Finance Corporation Limited, more popularly known as HDFC Bank Ltd, was established in
the year 1994, as a part of the liberalization of the Indian Banking Industry by Reserve Bank of India (RBI). It was one
of the first banks to receive an 'in principle' approval from RBI, for setting up a bank in the private sector. The bank
was incorporated with the name 'HDFC Bank Limited', with its registered office in Mumbai. The following year, it
started its operations as a Scheduled Commercial Bank. Today, the bank boasts of as many as 1412 branches and
over 3275 ATMs across India. 

2 History
HDFC Bank was incorporated in 1994 by Housing Development Finance Corporation Limited (HDFC),
India's largest housing finance company. It was among the first companies to receive an 'in principle'
approval from the Reserve Bank of India (RBI) to set up a bank in the private sector. The Bank started
operations as a scheduled commercial bank in January 1995 under the RBI's liberalisation policies.

Times Bank Limited (owned by Bennett, Coleman & Co. / Times Group) was merged with HDFC Bank
Ltd., in 2000. This was the first merger of two private banks in India. Shareholders of Times Bank
received 1 share of HDFC Bank for every 5.75 shares of Times Bank.

In 2008 HDFC Bank acquired Centurion Bank of Punjab taking its total branches to more than 1,000. The
amalgamated bank emerged with a base of about Rs. 1,22,000 crore and net advances of about
Rs.89,000 crore. The balance sheet size of the combined entity is more than Rs. 1,63,000 crore.

Business focus
HDFC Bank deals with three key business segments. - Wholesale Banking
Services, Retail Banking Services, Treasury. It has entered the banking
consortia of over 50 corporates for providing working capital finance, trade
services, corporate finance and merchant banking. It is also providing
sophisticated product structures in areas of foreign exchange and
derivatives, money markets and debt trading and equity research.

Services

[edit] Wholesale banking services

The Bank's target market ranges from large, blue-chip manufacturing
companies in the Indian corp to small & mid-sized corporates and agri-
based businesses. For these customers, the Bank provides a wide range
of commercial and transactional banking services, including working
capital finance, trade services, transactional services, cash
management, etc. The bank is also a leading provider of structured
solutions, which combine cash management services with vendor and
distributor finance for facilitating superior supply chain management for
its corporate customers. HDFC Bank has made significant inroads into
the banking consortia of a number of leading Indian corporates including
multinationals, companies from the domestic business houses and prime
public sector companies. It is recognized as a leading provider of cash
management and transactional banking solutions to corporate
customers, mutual funds, stock exchange members and banks.
[edit]Retail banking services
The objective of the Retail Bank is to provide its target market customers
a full range of financial products and banking services, giving the
customer a one-stop window for all his/her banking requirements. The
products are backed by world-class service and delivered to customers
through the growing branch network, as well as through alternative
delivery channels like ATMs, Phone Banking, NetBanking and Mobile
Banking. HDFC Bank was the first bank in India to launch an
International Debit Card in association with VISA (VISA Electron) and
issues the Mastercard Maestro debit card as well. The Bank launched its
credit card business in late 2001. By March 2009, the bank had a total
card base (debit and credit cards) of over 13 million. The Bank is also
one of the leading players in the “merchant acquiring” business with over
70,000 Point-of-sale (POS) terminals for debit / credit cards acceptance
at merchant establishments. The Bank is well positioned as a leader in
various net based B2C opportunities including a wide range of internet
banking services for Fixed Deposits, Loans, Bill Payments, etc.
[edit]Treasury

Within this business, the bank has three main product areas - Foreign
Exchange and Derivatives, Local Currency Money Market & Debt
Securities, and Equities. These services are provided through the bank's
Treasury team. To comply with statutory reserve requirements, the bank
is required to hold 25% of its deposits in government securities. The
Treasury business is responsible for managing the returns and market
risk on this investment portfolio.
[edit]Distribution network

Payment Services

HDFC Bank can structure a number of payment products to suit your various needs.

Structures could include:

Payable At Par Cheque Book

This product enables you to issue local cheques at all HDFC Bank branch locations through one
cheque book thereby eliminating the hassles of obtaining demand drafts or opening current account
at each location.

At Par Facility for Statutory Payments

This facility can be utilised by you to make various statutory payments such as dividend, interest /
redemption of debentures, IPO refunds etc. This facility is available for all HDFC Bank locations and
100 locations of our correspondent bank.
This product includes the following features: 

HDFC Bank branch locations - cover over 80% of shareholders / beneficiaries for most of our
clients. Hence reconciliation, query resolution and pricing is superior.

In order to provide adequate coverage, HDFC Bank also provides 100 locations of our
correspondent bank. However, there is sustained reduction in dependence on correspondent
bank due to continuously increasing branch network.

The maximum limit on warrant can be mutually agreed upon - substantially reducing draft costs
and efforts.

Ability to meet your requirement of large number of drafts in a short time at very competitive
rates.

An At Par cheque book is provided on branch locations, after revalidation thereby eliminating the
need for demand drafts on branch locations.

Pay Quick

This product caters to your requirement of large volume of demand drafts/payorders at over 1725
HDFC Bank and 1400 correspondent bank locations.

This product includes the following features:

Option to forward data in soft copy form (floppy) in a secure environment.

Easy data transferability from your office to HDFC Bank.

Multiple payment instructions through one file.

Upload option for bulk issuance resulting in quick and error free delivery.

Payment instrument to include payment details.

Facility to mail to beneficiary directly. Also the committed courier turn around time enables you to
make payments as close as possible to the payment date - resulting in additional cost savings. 

Various value added MIS.

One dtop dedicated service desk at our centralised cash management operations unit for prompt
attention to your queries.

Extensive coverage - over 780 locations.

Status of DD - paid / unpaid - can be provided on HDFC Bank location on a case to case basis.
 For more details, write in to us at [email protected] and we will get back to you. 

Overview

We are a bank with substantial appetite for recognised credits. We have a team of
customer-driven relationship managers with wide industry experience in various
segments.

We can offer you working capital finance by way of cash credit or loans suitably
structured to your needs and your risk profile.

Features & Benefits:

 Funded Services             
Loan amounts from Rs 5 Lac onwards

Easy Documentation

Fast Processing

At par cheque facility

Internet Banking & Phone Banking Facilities

Multi-Location Banking

Documentation:

Bank Statements for last 12 months for all primary accounts

 Brief history and profile of Company and its promoters

Audited Financials for last two financial years.

Latest Debtors statement with ageing analysis

Sanction Letter of an existing bank limit (if any).

Any other documents as required by the bank at a later stage

For more details write to [email protected]

MEDICAL EQUIPMENT FINANCE

Overview

The Product finances Individual Doctors, Diagnostic Centers, Nursing Homes,

Hospitals, Clinics towards purchase of Medical Equipments. We have a dedicated
team of Relationship Managers to understand your financing needs and offer solutions
accordingly.

Besides new medical equipments loans, we also refinance existing free assets with
adequate collaterals and also transfer loans which you would have taken from other
financiers at attractive interest rates.

Features & Benefits:

Loans upto 80% of invoice value

Repayment period of 12 to 60 months

Repayment through post dated cheque / direct debit mandate

Equipment to be hypothecated to HDFC Bank

Attractive Interest Rates

T/T & LC facility ** available for funding imported equipments

**Charges apply  

Documentation:

ITR for the last 2 years with complete financials.

Bank statements for the past 6 months.

Copy of Proforma Invoice.

 Residence Proof (Passport copy / utility Bill / Driving License).

Office Proof (Telephone Bill / Electricity Bill / Lease Deed / Sales Tax Certificate).

Identity Proof (Driving License / Voter Id Card copy / Pan Card copy).

Copy of Last Degree Certificate.

Any other documents as required by the bank at a later stage.

NON FUNDED SERVICES

1 BUSINESS ACCOUNT

Overview

We offer you an account tailored to fulfill all the needs of your business. The HDFC Bank Plus Current Account is
powered by a host of free facilities. Moreover, as an account holder, you can also avail of our special benefits at a
nominal fee. 

2 LETTER OF CREDIT

HDFC Bank can extend import financing through Letters of Credit, which are well accepted globally and
supported by a strong trade finance set-up. We are direct members of SWIFT and have correspondent banking
arrangements with more than 450 banks worldwide. We also structure complex Letters of Credit.

3 COLLECTION OF DOCUMENTS

We have a full-fledged trade finance set-up catering to all your trade related requirements which offers you the
following advantages:

Better turnaround time through timely processing of your  documents

Faster payments: constant follow-ups with our correspondent  banks ensure timely recovery of funds from your
buyers as  well as timely payments to your suppliers
Lower cost

Access to our vast correspondent banking network for better reach

Excellent trade support

Arrangement of credit reports of overseas parties

Specialised advice on international trade related issues as  well as technical issues such as ECM requirements,
RBI reporting, latest circulars and latest international developments.
 User-friendly and client-focussed MIS capabilities to suit your requirements

Local bills collections

Our wide network of branches spread across the country enables us to send and follow up on your LC-backed as well
as clean bills sent for collection. The cheque received at the location is cleared locally, and the credit is passed on to
the beneficiary without any time loss on receipt of clear funds. 

International Bills collections

HDFC Bank has correspondent banking arrangements with more than370 banks worldwide. Our ability to handle
large volume collection portfolios of corporates places us in a unique position to offer you world-class facilities in
handling your collection as regards imports, exports, bills under LC and so on.

VALUE ADDED SERVICES

1 TAX COLLECTION

HDFC Bank was the first private sector bank to be authorised by the Central Board of Direct Taxes (CBDT) as well
as the Reserve Bank of India for collection of direct tax, from April 01, 2001. Today we collect direct taxes at 322
branches across 22 zones.

HDFC Bank is also authorised by the Central Board of Excise and Customs (CBEC) as well as the Reserve Bank
of India (RBI) to accept Central Excise Duty and Service Tax at Mumbai, Delhi, Bangalore and Kolkatta.

2 ONLINE TAX PAYMENT

HDFC Bank was the first private sector bank to be authorised by the Central Board of Direct Taxes (CBDT) as
well as the Reserve Bank of India for collection of direct tax.

We, at present, provide this facility through 322 branches. 

Key Benefits

Convenience at its best - no standing in long queues for payment of tax, no hassles of writing cheques, no
filling challans in four copies and no visiting a collecting bank!

Extended deadlines for payments on cut off date.

A simple and convenient process

Fill in the details of Challan and submit the transaction.

Input your NetBanking Customer ID and Password.

Give the details of your account & your account will get debited online

LOAN FACILITIES OF HDFC BANK

hdfc bank  home  loan
hdfc bank  car  loan
hdfc bank  gold  loan
hdfc bank  education  loan
hdfc bank  bike  loan
hdfc bank  nri  loan
hdfc bank  mortgage  loan
hdfc bank  business  loan

1 EDUCATION LOAN

With HDFC bank student education loans, pursue your dream higher studies without worrying for financial
assistance. We provide student education loans for all Graduate, Post-Graduate, Engineering, Medical, MBA ,
Vocational Courses (Multi-Media, ERP) offered by recognized institutions in India. No more running from pillar
to post for availing student loans! Our friendly sales managers will guide you in every step to make your
dreams into reality.

Features & Benefits –Indian Education

Student Loans Upto Rs. 15 Lakhs for education In India

Unsecured Lending Upto INR 7.5 Lakhs

                   No Collateral Or Third Party Guarantee**

Wider Range Of Collateral For Loans Above INR 7.5 Lakhs

                    Residential Property

                   HDFC Bank Fixed Deposit

                   LIC/NSC/KVP

Loan available upto tenure of 7 years including moratorium period

Repayment to start 1 year after course completion / 6 months after obtaining employment (whichever is
earlier)

Loans available for short duration/ job oriented courses also

Avail the tax rebate, offered under section 80-E of the Income Tax Act 1961* for the entire interest
amount paid towards your education loan.
Click here to view the income tax circular. 
E-mail  [email protected]  to receive interest certificate for FY 09-10.

Loans available for other course related expenses also!

*Pls check with your CA. 

# From Bank's approved list of institutes. 
** Third Party Guarantee required for loans between Rs 4 lakhs to 7.5 lakhs.

Special privileges

Service At Your Door Step

Loans disbursed directly to the educational institution as Per the Fee Schdule.

Insurance Protection from HDFC ERGO

Gateway To Other Banking Products And Services.

                  Savings Account

Insurance Protection from HDFC ERGO General Insurance Company Ltd

HDFC ERGO General Insurance Company Limited is a 74:26 joint venture between HDFC Limited, India’s